What does Preamble of Public Integrity in Financial Prediction Markets Act of 2026 do?

This bill, formally titled 'To prohibit a covered individual from engaging in covered transactions involving prediction market contracts, and for other purposes,' aims to restrict certain transactions. The bill's stated purpose is to prohibit covered individuals from engaging in covered transactions involving prediction market contracts.

What does SHORT TITLE. of Public Integrity in Financial Prediction Markets Act of 2026 do?

This bill is formally titled the Public Integrity in Financial Prediction Markets Act of 2026.

What does PROHIBITION ON COVERED TRANSACTIONS INVOLVING PREDICTION MARKET of Public Integrity in Financial Prediction Markets Act of 2026 do?

This section amends Chapter 131 of Title 5, United States Code, to add Subchapter IV, which prohibits covered individuals from using material nonpublic information to profit from prediction market contracts. Covered individuals include the President, Vice President, Members of Congress, congressional employees, political appointees, and employees of Executive and independent regulatory agencies. A 'covered transaction' is defined as the purchase, sale, or exchange of any prediction market contract. The Act establishes penalties for violations, including fines up to $500 or double the profit made, deposited into the Treasury. Supervising ethics offices are tasked with imposing and collecting penalties, establishing procedures, issuing rules and guidelines, and publishing these on a website. Covered individuals must report covered transactions exceeding $250 to their supervising ethics office, including details like value, date, position, platform, and profit/loss.

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Public Integrity in Financial Prediction Markets Act of 2026

Last updated: 3/25/2026 · Introduced: 3/25/2026

Author: Elissa Slotkin (D-MI)

TL;DR (AI)

The bill prohibits specified government officials, known as 'covered individuals,' from using private, non-public information to profit from prediction market contracts.
It establishes a system where covered individuals must report prediction market transactions exceeding $250 to their ethics offices.
Violations of the prohibition can result in fines up to $500 or double the profit gained, with penalties collected by supervising ethics offices.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 1 more.

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